General Mills, Inc. (NYSE:GIS) Shares Acquired by Lbp Am Sa

Lbp Am Sa increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 38.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,292 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Lbp Am Sa’s holdings in General Mills were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in General Mills in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $31,000. Bank of Jackson Hole Trust purchased a new position in shares of General Mills during the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC acquired a new stake in General Mills in the 4th quarter valued at $38,000. Finally, Capital Advisors Ltd. LLC increased its holdings in General Mills by 150.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 653 shares of the company’s stock worth $42,000 after acquiring an additional 392 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Performance

Shares of General Mills stock opened at $59.53 on Monday. The firm has a market cap of $32.82 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The business’s fifty day simple moving average is $60.10 and its 200-day simple moving average is $65.62.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. Equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.03%. General Mills’s dividend payout ratio is currently 52.17%.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Jefferies Financial Group raised their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Piper Sandler dropped their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and an average price target of $67.71.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.